Federal Income Tax Brackets and Maximum Tax Rates: 1950-1980. Individual Income Tax Parameter, Married Filing Jointly. 1
Federal Income Tax Brackets and Maximum Tax Rates: 1950-1980 Individual Income Tax Parameter, Married Filing Jointly 1950 Taxable Income
1960 Rate
Taxable Income
1970 Rate
Taxable Income
1980 Rate
Taxable Income
Rate
$0 $4,000 $8,000 $12,000 $16,000
-
$4,000 $8,000 $12,000 $16,000 $20,000
17.40% 20.02% 23.66% 27.30% 30.94%
$0 $4,000 $8,000 $12,000 $16,000
-
$4,000 $8,000 $12,000 $16,000 $20,000
20.0% 22.0% 26.0% 30.0% 34.0%
$0 $1,000 $2,000 $3,000 $4,000
-
$1,000 $2,000 $3,000 $4,000 $8,000
14.00% 15.00% 16.40% 17.425% 19.475%
$0 $3,400 $5,500 $7,600 $11,900
-
$3,400 $5,500 $7,600 $11,900 $16,000
0% 14% 16% 18% 21%
$20,000 $24,000 $28,000 $32,000 $36,000
-
$24,000 $28,000 $32,000 $36,000 $40,000
34.58% 39.13% 42.77% 45.50% 48.23%
$20,000 $24,000 $28,000 $32,000 $36,000
-
$24,000 $28,000 $32,000 $36,000 $40,000
38.0% 43.0% 47.0% 50.0% 53.0%
$8,000 $12,000 $16,000 $20,000 $24,000
-
$12,000 $16,000 $20,000 $24,000 $28,000
22.55% 25.625% 28.70% 32.80% 36.90%
$16,000 $20,200 $24,600 $29,900 $35,200
-
$20,200 $24,600 $29,900 $35,200 $45,800
24% 28% 32% 37% 43%
$40,000 $44,000 $52,000 $64,000 $76,000
-
$44,000 $52,000 $64,000 $76,000 $88,000
50.96% 53.69% 56.42% 59.15% 62.79%
$40,000 $44,000 $52,000 $64,000 $76,000
-
$44,000 $52,000 $64,000 $76,000 $88,000
56.0% 59.0% 62.0% 65.0% 69.0%
$28,000 $32,000 $36,000 $40,000 $44,000
-
$32,000 $36,000 $40,000 $44,000 $52,000
39.975% 43.05% 46.125% 49.20% 51.25%
$45,800 $60,000 $85,600 $109,400 $162,400 $215,400
- $60,000 - $85,600 - $109,400 - $162,400 - $215,400 - and over
49% 54% 59% 64% 68% 70%
$88,000 $100,000 $120,000 $140,000 $160,000
-
$100,000 $120,000 $140,000 $160,000 $180,000
65.52% 68.25% 70.98% 73.71% 76.44%
$88,000 $100,000 $120,000 $140,000 $160,000
-
$100,000 $120,000 $140,000 $160,000 $180,000
72.0% 75.0% 78.0% 81.0% 84.0%
$52,000 $64,000 $76,000 $88,000 $100,000
-
$64,000 $76,000 $88,000 $100,000 $120,000
54.325% 56.375% 59.45% 61.50% 63.55%
$180,000 $200,000 $273,438 $300,000 $400,000
- $200,000 - $273,438 - $300,000 - $400,000 a - and over
79.17% 80.99% 82.503% 83.430% 84.357%
$180,000 $200,000 $300,000 $400,000
- $200,000 - $300,000 - $400,000 a - and over
87.0% 89.0% 90.0% 91.0%
$120,000 $140,000 $160,000 $180,000 $200,000
$140,000 $160,000 $180,000 $200,000 - and over
65.60% 67.65% 69\.70% 70.725% 71.75%
Tax Rates At All Levels of Income Have Declined: 1950-1980
Maximum % of Income Taxed by Federal Government in a Specific Income Bracket
100 90 80 70 60
Bracket I Bracket II Bracket III Bracket IV Bracket V
50 40 30 20 10 0 1950
1960
1970 Year
Source: The Brookings Institution.
1980
Annual % Change in the Maximum Amount of Personal Income Taxed within a Specific Tax Bracket: 1950-1980
Annual % Change in Maximum Amount of Personal Income Taxed within a Specific Tax Bracket
30
20
10 0 1950
1960
1970
-10
-20
-30 -40
-50 Year Source: Calculated from Brookings Institution Data.
1980
Bracket I Bracket II Bracket III Bracket IV Bracket V
Cumulative % Change in the Maximum Amount of Personal Income Taxed within a Specific Tax Bracket: 1950-1980
Cumulative % Change in Maximum Amount of Personal Income Taxed within a Specific Tax Bracket
30
20 10
0 1950
1960
1970
-10
-20 -30
-40 -50 Year
Source: Calculated from Brookings Institution Data.
1980
Bracket I Bracket II Bracket III Bracket IV Bracket V
